Protection is cheaper than expected

Protection is cheaper than expected

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In a survey of UK workers, 37% of respondents thought life insurance and income protection cost more than they actually do¹ 


This is a significant oversight considering that 40% stated that affordability was key when deciding on a policy. Those surveyed estimated income protection to cost £35.20 per month, but the average is £24 for a limited benefit term of two years.  


Similarly, perceptions of the cost of life cover also show disparity, with a mean predicted cost of £34.70, higher than the actual average of £26 per month. Many people could therefore be forgoing vital cover due to being misinformed.  


As with all insurance policies, conditions and exclusions will apply 


¹ The Exeter 



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